Regional Food Bank of Oklahoma

Analysis

Regional Food Bank of Oklahoma is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Regional Food Bank of Oklahoma reported income of $99.4m and spending of $99.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $93.2m to $99.4m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Regional Food Bank of Oklahoma sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Young Mens Christian Association of Central Maryland Inc ($99.2m), Catholic Charities of the Archdiocese of Galveston-Houston ($99.4m) and The Fogarty Center ($99.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $1.0m (1.0% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $31.1m against liabilities of $2.6m, net assets of $28.5m. It reported 191 employees.